Forward Microsystems Limited

Forward Microsystems Limited, based in Leicester, UK, is a small, active company with a rich history, having been founded 40 years ago in 1984. Employing 19 people and holding assets of £747,016, it's a well-established player in its sector. The company has a 5.0-star Google rating based on three reviews, reflecting positive customer experiences. It operates from a real address and is managed by three directors and two owners. Regular importer of electrical machinery and equipment (96 months imported).

The company's website reveals a focus on vertical storage systems and warehouse management software. It's a supplier of new and used vertical carousel systems, offering both hardware and software solutions. The site targets businesses seeking to maximize storage space, improve inventory management, and streamline warehouse operations. It’s clear that the company’s core business revolves around providing solutions for businesses to optimize their storage and retrieval processes, particularly those using carousels. They offer both new and refurbished equipment, and their software, Netstock ePic, aims to centralize storage and manage stock in various locations.

Financially, Forward Microsystems Limited presents a mixed picture. While current assets remain relatively stable at £750,000, a slight increase from the previous year, the company has seen a decrease in net assets, falling to £410,000. Bank borrowings have decreased significantly, dropping to £50,000, which is a positive sign. However, the increase in other taxation and social security payable, rising to £110,000, suggests potential cash flow challenges. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the increase in payable needs to be monitored. No auditor is mentioned, consistent with its status as a small, exempt company. The company's average number of employees during the period has also decreased slightly, from 19 to 18.

Registered in England/Wales under the registration number 01836276, with a registered address at LE5 2NG, United Kingdom, Leicester, Forward House, 185 Thurncourt Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.